Universal studios will bankroll the film, while Lee is set to once again write, direct and the produce the project.
Lee says he came up with the idea earlier this year when he and the cast met up to have drinks. According to Lee, original cast members Nia Long, Sanaa Lathan, Regina Hall and Monica Calhoun all expressed an interest in reprising their roles.
As for Taye Diggs, Morris Chestnut, Harold Perrineau and Terrecnce Howard, the film’s male leads, there is no word as to whether any of them will be returning.
Filming is reportedly set to begin in the spring of 2012.